JPMorgan Chase & Co. Purchases 9,754 Shares of Life360, Inc. (NASDAQ:LIF)

JPMorgan Chase & Co. raised its stake in Life360, Inc. (NASDAQ:LIF - Free Report) by 295.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,054 shares of the company's stock after buying an additional 9,754 shares during the quarter. JPMorgan Chase & Co.'s holdings in Life360 were worth $514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC bought a new position in shares of Life360 in the 2nd quarter valued at about $11,861,000. Point72 Asset Management L.P. bought a new position in Life360 in the second quarter valued at approximately $405,000. Ghisallo Capital Management LLC bought a new position in Life360 in the second quarter valued at approximately $8,098,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Life360 during the 2nd quarter worth approximately $192,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Life360 during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 20.00% of the company's stock.

Wall Street Analyst Weigh In

LIF has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Life360 from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Canaccord Genuity Group lifted their price target on Life360 from $54.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. UBS Group raised Life360 from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Finally, JMP Securities lifted their target price on Life360 from $40.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Life360 has an average rating of "Buy" and an average target price of $47.63.

Insider Buying and Selling at Life360

In other Life360 news, CEO Chris Hulls sold 556,569 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.02, for a total transaction of $22,830,460.38. Following the completion of the sale, the chief executive officer now owns 952,696 shares in the company, valued at approximately $39,079,589.92. The trade was a 36.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Philip Coghlan sold 10,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the sale, the director now directly owns 41,628 shares of the company's stock, valued at approximately $1,727,562. The trade was a 19.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 638,985 shares of company stock valued at $26,262,250.

Life360 Stock Down 4.2 %

Life360 stock traded down $1.98 during mid-day trading on Friday, hitting $45.72. 244,752 shares of the stock were exchanged, compared to its average volume of 203,954. Life360, Inc. has a 12 month low of $26.00 and a 12 month high of $52.76. The firm's fifty day simple moving average is $44.49 and its two-hundred day simple moving average is $40.74.

Life360 Profile

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.